Business
Directors Options
Directors Options.
About this update from Gcm Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7374M GCM Resources PLC 29 August 2013 \n \n\n29th August 2013\nGCM Resources plc \n(the \"Company\" or \"GCM Resources\")\n (AIM:GCM)\nDirectors Options\nGCM Resources plc (\"GCM\" or the \"Company\"), a London based resource exploration and development company, announces options awarded to Directors following the change to the composition of the Board on 26 June 2013. The exercise price is equal to the 30 day Volume Weighted Average Closing Price. The option grants are dated 29 August 2013.\n \n\n\n\n\n\n\n\n\n\n\nNumber of options\n\n\nExercise price\n\n\nVesting\n\n\nExpiry\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMichael Tang\n\n\n\n\n\n2,500,000\n\n\n19.8p\n\n\n1 March 2014\n\n\n28 February 2019\n\n\n\n\nGuy Elliott\n\n\n\n\n\n250,000\n\n\n19.8p\n\n\n1 March 2014\n\n\n28 February 2019\n\n\n\n\nNeil Herbert\n\n\n\n\n\n250,000\n\n\n19.8p\n\n\n1 March 2014\n\n\n28 February 2019\n\n\n\n\n \n \nMichael Tang, Executive Chairman said: \"Recognising that it is in the best interests of the Company to minimise costs, the remuneration of Directors has been structured to minimise the cash spend, while appropriately incentivising the Directors to maximise value for shareholders.\"\n \n \nFor further information:\n\n\n\n\nGCM Resources plc\nJames Hobson\nCFO & Company Secretary \n +44 (0) 20 7290 1630\n \n\n\nPelham Bell Pottinger\nLorna Spears / Joanna Boon\n+44 (0) 20 7861 3232 \n \n \n\n\n\n\nZAI Corporate Finance Ltd\nNominated Adviser and Broker\nTom Price\n+44 (0) 20 7060 2220\n\n\n\n\n\n\n\n \n\n\n\n\nGCM Resources plc\n\n\n\n\n\n\n\nTel: +44 (0) 20 7290 1630, \n\n\n\n\n\n\n\[email protected]; www.gcmplc.com\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRLIFFTTAIAFIV\n ","length":7178,"tagName":"div"}]